WhiteHorse Finance, Inc. (NASDAQ:WHF – Get Free Report) CEO Stuart Aronson acquired 12,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average price of $6.39 per share, with a total value of $76,680.00. Following the acquisition, the chief executive officer owned 112,000 shares of the company’s stock, valued at approximately $715,680. This trade represents a 12.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
WhiteHorse Finance Stock Up 2.7%
Shares of NASDAQ WHF opened at $6.80 on Thursday. The stock has a market cap of $146.95 million, a P/E ratio of 16.59 and a beta of 0.41. The firm has a 50 day moving average price of $7.35 and a 200 day moving average price of $7.11. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.23 and a current ratio of 2.23. WhiteHorse Finance, Inc. has a 52-week low of $6.07 and a 52-week high of $9.66.
WhiteHorse Finance (NASDAQ:WHF – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). WhiteHorse Finance had a net margin of 13.46% and a return on equity of 9.47%. The firm had revenue of $15.90 million for the quarter, compared to analyst estimates of $16.35 million. Analysts expect that WhiteHorse Finance, Inc. will post 1.03 EPS for the current year.
WhiteHorse Finance Dividend Announcement
Analysts Set New Price Targets
Separately, Weiss Ratings raised shares of WhiteHorse Finance from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 19th. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $7.75.
Read Our Latest Stock Report on WHF
Institutional Trading of WhiteHorse Finance
Institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. lifted its position in shares of WhiteHorse Finance by 43.7% in the fourth quarter. Osaic Holdings Inc. now owns 18,634 shares of the investment management company’s stock worth $130,000 after purchasing an additional 5,665 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in WhiteHorse Finance during the fourth quarter worth $44,000. Dynamic Technology Lab Private Ltd bought a new stake in WhiteHorse Finance during the fourth quarter worth $125,000. O Shaughnessy Asset Management LLC bought a new stake in WhiteHorse Finance during the fourth quarter worth $88,000. Finally, Lalia Capital LLC acquired a new stake in WhiteHorse Finance in the fourth quarter valued at $4,628,000. Institutional investors own 13.20% of the company’s stock.
WhiteHorse Finance Company Profile
WhiteHorse Finance Corporation (NASDAQ: WHF) is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm’s primary objective is to generate current income and, to a lesser extent, capital appreciation by making debt and equity investments in privately held middle-market companies. WhiteHorse Finance seeks to partner with established businesses across a range of industries, providing flexible financing solutions designed to support growth initiatives, acquisitions and recapitalizations.
The company’s investment portfolio predominantly comprises senior secured loans, second-lien debt, subordinated debt and select equity interests.
Read More
- Five stocks we like better than WhiteHorse Finance
- Abercrombie Rallies as Strong Q1 Earnings Extend Winning Streak
- TeraWulf Bets on Power Infrastructure to Lead AI Build-Out
- Amazon’s Alexa for Shopping Strengthens an Already Strong Bull Case
- Keysight: The AI and Defense Stock Seeing Big Price Target Boosts
Receive News & Ratings for WhiteHorse Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WhiteHorse Finance and related companies with MarketBeat.com's FREE daily email newsletter.
